Questions?
Contact Reliance Standard
1-800-351-7500
www.reliancestandard.comGroup ID: Holman Enterprises
11
UNDERSTANDING
YOUR
WELFARE
BENEFITS
Employee Basic Life and AD&D
(Full-time Management only)
Benefit Reduction
Contribution
Amount of Benefit
When Benefits Begin
Age
Cost Per $100 of Covered Payroll
<25
0.050
25-29
0.080
30-34
0.140
35-39
0.220
40-44
0.380
45-49
0.500
50-54
0.710
55-59
0.920
60-64
0.710
65-69
0.480
70+
0.350
Duration of Benefits
Amount of Benefit
When Benefits Begin
Maximum Benefit Period
Rates
(shown monthly)
Age
Rate per $10 Benefit
<25
0.410
25-29
0.450
30-34
0.460
35-39
0.410
40-44
0.420
45-49
0.510
50-54
0.710
55-59
0.830
60-64
0.920
65-69
1.150
70+
1.510
Employee
Spouse
Limitations
Rates
(shown monthly)
Age
Monthly Employee and Spouse Rate
Per $1,000
<25
0.107
25-29
0.075
30-34
0.081
35-39
0.113
40-44
0.185
45-49
0.309
50-54
0.501
55-59
0.849
60-64
1.047
65-69
1.577
70+
3.064
Eligible Child(ren)
Benefit in increments of $2,500 to a $10,000 maximum.
Children covered to age 20 (or 26 if full time student)
Child Life Rate: $0.41 per $2,500
Basic Life & AD&D- Reliance Standard
100% Employer Paid
Reduce to 65% at age 65; 40% at age 70
Voluntary Long Term Disability (LTD) - Reliance Standard
$25,000
60% of covered monthly earnings to a maximum of $5,000 per month
181st day of disability
Increments of $10,000 up to a $500,000 maximum. Guaranteed Issue of $70,000 is available at intial enrollment only.
Amounts requested over the Guaranteed Issue are subject to Evidence of Insurability.
Increments of $10,000 up to a $500,000 maximum. Guaranteed Issue of $10,000 is available at intial enrollment only.
Amounts requested over the Guaranteed Issue are subject to Evidence of Insurability.
An employee can elect life insurance for spouse without electing coverage for self.
The total employee and spouse life election cannot exceed $500,000.
Voluntary Short Term Disability (STD) - Reliance Standard
60% of covered weekly earning up to a maximum of $1,000 per week
On the 15th day of disability due to accident or illness.
26 Weeks
To Social Security Normal Retirement Age if you continue to meet the definition of disabled.
Voluntary Life Coverage - Reliance Standard
Rates
(shown monthly)
Note: With the exception of Basic Life and AD&D, these voluntary benefits are now offered to full-time
non-management employees.